The Formulec EF01 is a Green Take on Formula 1 Racing

Racetracks around the world could be getting greener as quickly as 2012 thanks to the Formulec EF01. This single-seat racer can do 0-62 in three seconds and hit speeds above 155 mph, all while running off of electricity.

That's right, the Formulec EF01 is powered by two electric motors. An impressive array of companies combined to make the Formulec EF01 a reality, including Mercedes, Exagon and Andros. The Formulec EF01 has a battery life of 20-25 minutes. Check out the featured video to see it in action.